Bitcoin tries to do the impossible

[Fabienne_ayy]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

I suppose that it's only the temporal state, and it's going down again, somewhere at $3800

[iv4n]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

I suppose that it's only the temporal state, and it's going down again, somewhere at $3800

In crypto many things are just temporary, not because they don`t last, it`s because they are constantly evolve. I can`t believe that many people still believe that ETF have some connections with crypto prices, for me that`s stupid. Bitcoin get to here without that, bitcoin touched ath at 20k without ETF and SEC and all others. Do you really think that we need their approval? Maybe companies need it, maybe US citizens need it, but world is much bigger.

[Bonsaiav]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

In the crypto market, until at any time it's impossible for the price to be eternal or stable, besides its value which tends to fluctuate. In my opinion, it's not bad for most investors and traders who understand the nature and performance of crypto currencies, so with any method they can benefit from crypto, because, under any circumstances cryptocurrency always provides opportunities for its users.

[Aikidoka]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

I suppose that it's only the temporal state, and it's going down again, somewhere at $3800

Exactly as you said, This increase of price It's just in a temporal state, according to preev right now, bitcoin price is ~3800-3850$. There is also still hope for a high increase in the few next weeks as I think! maybe it can touch the 4.5k$, this is only my prediction and now we should be patient and we will wait for the news, whether it's good or bad, and we will hope for the good news of course.

[audaciousbeing]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

I suppose that it's only the temporal state, and it's going down again, somewhere at $3800

Exactly as you said, This increase of price It's just in a temporal state, according to preev right now, bitcoin price is ~3800-3850$. There is also still hope for a high increase in the few next weeks as I think! maybe it can touch the 4.5k$, this is only my prediction and now we should be patient and we will wait for the news, whether it's good or bad, and we will hope for the good news of course.

Issues like this will continue to crop up every now and then except there is a solid base to justify the increase. The matter is even made worse by active crypto enthusiasts who are expected to be in the know or even more knowledgeable about the happenings of the market but they are the ones who are quick to even spread the rumours the more about how this is the next best thing or how the sky is the starting point only to burst the hope of people.

[Taki]

Bitcoin doesn't try to do impossible. From the most beginning bitcoin showed itself as logical development of all monetary system that we used to know before that. Bitcoin was financial freedom, but with time, together with it's growth and higher prices the government decided to stop it due to bitcoin started to perform danger to used norms and rules. For now bitcoin is fighting to bring back it's free and over the globe use. Maybe in this point it is doing impossible, because of as I see not all governments support such financial freedom.

[LUCKMCFLY]

The approval of ETF will undoubtedly have a positive impact on Bitcoin, but in the long term, bitcoin does not try to do the impossible, we are in a phase of high volatility, most investors want to buy cheap and hold until Bitcoin rises to more of $ 20k, this will happen, but you do not know when. The market stages clearly show it.

[muhtesem]

The fact that etf is accepted or not is not important for me.   the fact that etf is accepted or not is not important for me. when people will be convinced that they will not be accepted, and when the bitcoin price falls down Example: like $ 1500. That's when the EFT is accepted and the price comes out.

[TravelMug]

The fact that etf is accepted or not is not important for me.   the fact that etf is accepted or not is not important for me. when people will be convinced that they will not be accepted, and when the bitcoin price falls down Example: like $ 1500. That's when the EFT is accepted and the price comes out.

Ok, the way I understand it, you wanted for the price to go lower before the SEC approved the Bitcoin ETF so that it will push the price? Why waited for the price to go $1500? Why not now when the price is still strong at $3800.

Anyhow, I don't think that we can see ETF's approval though. In fact, SEC will just delay its decision and then just deny it, like the rest of the ETF's in the past, they're all good in paper, however, when the question about market manipulation is not answered, SEC will simply throw the proposal to the trash bin.

[Best Dreams]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

I suppose that it's only the temporal state, and it's going down again, somewhere at $3800

Well done because you said allot in single sentence, we are in modern age where we have allot of facilities and having crypto currency is one of them, there is nothing impossible in crypto currency market, it can make your rich and billionaire even within few months and hours for being holder and good investor so everything is possible but skills will be required.

[DeadCoin]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

Its really becoming hard to confirm what causes either the rise or fall in crypto currency values. And I think this is what the secret of its success. Few fake and true news impact the growth slightly but still none knows who is controlling the price. Its the whales? or exchanges? or news or any events or forks come up?

[fibrolit]

Of course whales regulate the price.There are several dozens of large cryptocurrency holders. Last year,we saw that positive news did not lead to an increase in cryptocurrency rates.

[malikusama]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

Nothing has changed, i don't think so ETF approval will have a remarkable effect on the price.
Market fluctuations are normal as like before, so you can say it temporary unless a major change will occur in the future.
Predictions are not going to work here in this market.

[omonuyak]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

It has really get dumped after that bull run but not to were it starts from.  Bitcoin is going to do well when market started to recover and ETF get approved.  I know that if ETF can be approved institutionals investors are going to come into the market and push the price upwards.

[Olatunjex]

Any increase fueled by a rumor could only be temporary, if it were to be more than a rumour market would have increased more than that and maybe there might have been btc new all time high, many people are waiting for this approval to enter into crypto space including institutional investors.

[greeklogos]

Well, and every drop is also temporary, you know. If you look at the subject more wide you will see that even our fiat that we use now and gold has their ups and downs, so that doesn't need to be surprisingly to you, OP, and us in general.

[hahay]

Yes, everything is temporary and the question is consistent or not, but after a few weeks have passed there is still no consistent increase which means ETF approval will indeed not push the price of the bitcoin to be bullish. Nothing is impossible, the potential to recover will still occur

[sheenshane]

Yes, everything is temporary and the question is consistent or not, but after a few weeks have passed there is still no consistent increase which means ETF approval will indeed not push the price of the bitcoin to be bullish. Nothing is impossible, the potential to recover will still occur

Your point of a conclusion is near to the truth, I also noticed that the movement in the price of a crypto market is that after a dragging too much down it will also rapidly increasing, which means just like zigzag motion. But the spike price is just normal and surely it because of highly volatile. Well, a bunch of crypto enthusiasts waiting for that ETF implementation will be approved and make price better.

[TravelMug]

Yes, everything is temporary and the question is consistent or not, but after a few weeks have passed there is still no consistent increase which means ETF approval will indeed not push the price of the bitcoin to be bullish. Nothing is impossible, the potential to recover will still occur

We still don't know about that bolded statement. We haven't seen any ETF approval so we can't definitely say what's the impact on the price in the future.

But as far as I'm concern, those ETF's will really push the price because more investors will get into the market. The only question is how long will the price go assuming that ETF's as going to be approved in the future.

[Kemarit]

Yes, everything is temporary and the question is consistent or not, but after a few weeks have passed there is still no consistent increase which means ETF approval will indeed not push the price of the bitcoin to be bullish. Nothing is impossible, the potential to recover will still occur

We still don't know about that bolded statement. We haven't seen any ETF approval so we can't definitely say what's the impact on the price in the future.

But as far as I'm concern, those ETF's will really push the price because more investors will get into the market. The only question is how long will the price go assuming that ETF's as going to be approved in the future.

So let's say the ETF is really approved, crypto. enthusiast are expecting a huge jum on the price since institutional money will flow in the ecosystem. And I even see reports that Bitcoin could go and increased as high as 500% here: (https://totalcrypto.io/bitcoin-etf-analysis/). But this is just an analysis that we're not sure if it's going to happened so everything is still up in the air and we really can say for certain if it will really have a huge positive impact on the market.